Month: May 2020

ATLANTA, May 21, 2020 (GLOBE NEWSWIRE) — Cumulus Media Inc. (NASDAQ: CMLS) (“Cumulus” or the “Company”) announced today the adoption of a short-term shareholder rights plan (the “Rights Plan”) designed to protect shareholder interests and maximize value for all shareholders.In adopting the Rights Plan, the Board has taken note of the unprecedented impact of the COVID-19 pandemic on equity market valuations which has led to substantial volatility in the trading of the Company’s stock and a dislocation in Cumulus’ stock price, which the Board believes does not reflect the Company’s inherent value or business performance.  The Rights Plan is intended to promote the fair and equal treatment of all shareholders by preventing a creeping change of control without an appropriate premium and on terms that would not deliver sufficient...

TORONTO, May 21, 2020 (GLOBE NEWSWIRE) — Golden Leaf Holdings Ltd. (CSE:GLH) (OTCQB:GLDFF) (“Golden Leaf” or the “Company”), a premiere consumer-driven cannabis company specializing in production, processing, wholesale, distribution and retail, today announced financial results for the first quarter ended March 31, 2020. All financial results are stated in US dollars, unless otherwise noted.“The health crisis caused by COVID-19 that began during the first quarter of 2020 was one of many challenges the Company overcame this quarter,” stated Jeff Yapp, Chief Executive Officer of Golden Leaf. “I am proud of the team’s ability to pivot our operations, retail model, and product line, to help re-establish Golden Leaf as a market leader in Oregon and generate record revenues.”Q1 Financial Highlights:Record quarterly revenues from continuing...

IRVING, Texas, May 21, 2020 (GLOBE NEWSWIRE) — Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA), a location-agnostic global business process automation (BPA) leader across numerous industries, today announced that Shrikant Sortur, who has served as Exela’s Executive Vice President, Global Finance since 2017, has been promoted to Chief Financial Officer as part of the Company’s succession planning process. Jim Reynolds, who has served as CFO since 2017, will remain a non-employee member of the Company’s Board of Directors.“We are excited to announce the promotion of Shrikant Sortur to CFO,” said Ronald Cogburn, Chief Executive Officer of Exela, and added, “Shrikant brings extensive experience and proven financial leadership managing our complex global finance operations over the past three years. His skills and...

WAYNE, Pa., May 21, 2020 (GLOBE NEWSWIRE) — Teleflex Incorporated (NYSE: TFX) (“Teleflex”) announced today that it priced its private offering of $500.0 million aggregate principal amount of 4.25% senior notes due 2028 (the “Notes”) at an issue price of 100.000%. The sale of the Notes is expected to close on May 27, 2020, subject to customary closing conditions.The Notes will be guaranteed by each of Teleflex’s existing and future wholly-owned domestic subsidiaries that is a guarantor or other obligor under its credit agreement.Teleflex intends to use the net proceeds from the offering to repay borrowings under its revolving credit facility.The offering of the Notes will be made in a private transaction in reliance upon an exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”),...

Transaction allows AMAG to advance its strategic focus on Feraheme, Makena and its pipeline, consistent with previously announced plansMillicent Pharma uniquely positioned to drive revenue growth of IntrarosaWALTHAM, Mass., May 21, 2020 (GLOBE NEWSWIRE) — AMAG Pharmaceuticals, Inc. (NASDAQ: AMAG) today announced it has completed the sale of its rights to Intrarosa® (prasterone) to Millicent Pharma Limited, a global pharmaceutical company formed by the Millicent Pharma management team and The Carlyle Group in 2018 that specializes in women’s health and menopause-related conditions, for up to $125 million, including upfront fixed consideration of $20 million and contingent, sales-based milestone payments of up to $105 million. “As mentioned in our first quarter earnings release, the sale of Intrarosa is an important step in our strategic...

VANCOUVER, British Columbia, May 21, 2020 (GLOBE NEWSWIRE) — Silvercorp Metals Inc. (“Silvercorp” or the “Company”) (TSX: SVM) (NYSE American: SVM) reported its financial and operating results for the fourth quarter and twelve months ended March 31, 2020 (“Fiscal 2020”). All amounts are expressed in US Dollars.Despite the extended shut-down during the three months ended March 31, 2020 (“Q4 Fiscal 2020”) due to COVID-19, the Company was able to achieve full year production target, surpassing its Fiscal 2020 guidance. As reported in the Company’s news release dated May 7, 2020, the Company’s operations were ramped up to full capacity in March 2020 with no employee infection and the Company is in full compliance with government measures to prevent spread of COVID-19. FISCAL YEAR 2020 HIGHLIGHTS  

BANNOCKBURN, Ill., May 21, 2020 (GLOBE NEWSWIRE) — Option Care Health, Inc. (“Option Care Health” or the “Company”) (NASDAQ: OPCH), the nation’s largest independent provider of home and alternate site infusion services, has been selected by UroGen Pharma (NASDAQ: URGN) as a preferred national pharmacy provider to prepare and deliver a first-of-its-kind cancer treatment, Jelmyto™ (mitomycin) for pyelocalyceal solution.The new formulation offers a novel approach for treating adults with low-grade upper tract urothelial cancer (LG-UTUC), targeting tumors directly with a drug that changes form as it warms and must be provided by the physician within eight hours of preparation. To ensure the drug will be prepared, shipped and provided to the patient within the required time period and in accordance with product labeling requirements...

ARLINGTON, Va. and LONDON, May 21, 2020 (GLOBE NEWSWIRE) — Willis Towers Watson Public Limited Company (NASDAQ: WLTW) (“Willis Towers Watson”), today announced pricing of a registered offering (the “Offering”) by Willis North America Inc. (“Willis North America”), an indirect wholly-owned subsidiary of Willis Towers Watson, of an additional $275,000,000 aggregate principal amount of 2.950% senior unsecured notes due 2029 (the “new notes”). The new notes will be issued under the indenture pursuant to which Willis North America previously issued $450,000,000 aggregate principal amount of 2.950% senior unsecured notes due 2029 (the “initial notes” and, together with the new notes, the “notes”), all of the initial notes remain outstanding. The new notes will be treated as the same class and series as, and otherwise identical to, the...

WEST JORDAN, Utah, May 21, 2020 (GLOBE NEWSWIRE) — Sportsman’s Warehouse Holdings, Inc. (“Sportsman’s Warehouse” or the “Company”) (Nasdaq: SPWH) today announced that it will hold its quarterly conference call to discuss first quarter 2020 financial results on Thursday, June 4, 2020 at 4:30 p.m. Eastern Time.The conference call will be broadcast on the Company’s investor relations website at http://investors.sportsmans.com/.  An online archive of the webcast will be available for one year following the call.About Sportsman’s Warehouse Holdings, Inc.Sportsman’s Warehouse is an outdoor specialty retailer focused on meeting the everyday needs of the seasoned outdoor veteran, the first-time participant, and everyone in between. We provide outstanding gear and exceptional service to inspire...

OVERLAND PARK, Kan., May 21, 2020 (GLOBE NEWSWIRE) — (NASDAQ: YRCW) YRC Freight has been recognized as 2019 LTL Carrier of the Year by Dick’s Sporting Goods. YRC Freight’s comprehensive network services the 726 Dick’s Sporting Goods locations as well as its vendors across North America.“Being recognized by one of the nation’s major retailers as its LTL Carrier of the Year is an honor and a testament to YRCW’s commitment to providing an enhanced customer experience,” said Jason Bergman, YRCW Chief Customer Officer and President of HNRY Logistics. “Dick’s Sporting Goods awarded YRC Freight its LTL business, and we stepped up to make a positive impact for our customer’s business and to exceed their expectations for LTL freight.”2019 also brought top honors from, Inbound Logistics magazine and Women in Trucking who recognized YRC Freight...